Polygon Labs Acquires Coinme and Sequence for $250M

Polygon Labs has announced definitive agreements to acquire Coinme and Sequence for more than $250 million. The dual acquisition delivers three core components of the forthcoming Polygon Open Money Stack. These include physical cash and digital fiat on- and off-ramps, wallet infrastructure, and cross-chain orchestration through intents.

🔥 LATEST: POLYGON LABS AQUIRES COINME & SEQUENCE IN $250 MILLION DEAL TO BUILD STABLECOIN INFRASTRUCTURE. pic.twitter.com/a0ux6aahC1

— Coinwaft (@coinwaft) January 14, 2026

Together with Polygon, the acquired businesses have processed more than $1 billion in offchain sales. They have also facilitated more than $2 trillion of onchain value transfers. As payment activity scales, Polygon Chain captures upside through higher onchain throughput and network fees.

Stablecoins are increasingly being used as a settlement layer for global payments, but the infrastructure around them remains fragmented

said Marc Boiron, chief executive officer of Polygon Labs.

Polygon’s onchain stablecoin supply reached approximately $3.3 billion at the close of 2025. This marks a three-year high, according to data compiled on Dune.

Coinme Brings Regulatory Muscle and Physical Network to Polygon

Coinme holds money-transmitter licenses enabling operations across 48 U.S. states. It offers a regulated whitelabel crypto-as-a-service platform for fintechs, enterprises, and payment applications.

The company operates a physical fiat-to-crypto network spanning more than 50,000 retail locations nationwide. Coinme also provides licensed wallet infrastructure alongside enterprise APIs and SDKs for seamless integration.

Investors backing Coinme include Pantera, Digital Currency Group, Coinstar, Circle Ventures, and MoneyGram. The company serves enterprise customers such as Exodus, Coinstar, and Baanx. More than one million users rely on its Coinme payments app.

Federal stablecoin regulation has created a clear path to market, but scale requires integrating compliant fiat infrastructure with institutional-grade settlement rails

explained Neil Bergquist, CEO of Coinme

The Coinme transaction is expected to close in Q2 2026. Customary regulatory approvals and closing conditions remain pending.

Sequence Powers Cross-Chain Payments and Smart Wallets

Sequence adds smart wallets and a 1-click cross-chain orchestration engine to the Polygon ecosystem. The technology simplifies crypto payment flows across networks without requiring users to manage bridging, swaps, or gas fees.

Leading investors back Sequence, including Brevan Howard Digital, Initialized Capital, Coinbase, Polychain, and Consensys. Gaming giants Take-Two Interactive, Ubisoft, and Bitkraft also participate in the company’s funding.

Sequence provides wallet and application infrastructure across major blockchain ecosystems. These include Polygon, Immutable, Monad, Magic Eden, and Arbitrum. The platform also supports emerging networks such as SKALE, Etherlink, ApeChain, Soneium, and Somnia.

Trails, powered by Sequence, delivers universal rails for 1-click crypto transactions across any chain. The service supports any token and any wallet. It enables interoperability and seamless stablecoin payments via Circle’s Cross-Chain Transfer Protocol.

Fragmentation across blockchains has been one of the biggest barriers to mainstream adoption, the Sequence transaction is expected to close this month.

said Sequence co-founder and CEO Peter Kieltyka.

Meanwhile, Polygon’s stablecoin ambitions extend beyond these acquisitions. Nigerian fintech giant Flutterwave is developing a cross-border payment platform powered by stablecoins in partnership with Polygon Labs.

The service will launch across Flutterwave’s 34-country African network. Polygon’s blockchain infrastructure will enhance settlement speed and efficiency for cross-border transactions.

🇳🇬 NIGERIA'S LARGEST FINTECH 'FLUTTERWAVE' PARTNERS WITH POLYGON $POL TO LAUNCH STABLECOIN-POWERED CROSS-BORDER PAYMENT NETWORK ACROSS 34 AFRICAN COUNTRIES

— The Wolf Of All Streets (@scottmelker) October 31, 2025

“Stablecoin adoption will drive more flows into Africa,” said Flutterwave CEO Olugbenga Agboola. He added that the initiative “has the potential to 10x the volumes we are currently doing.”

Sandeep Nailwal, founder of the Polygon Foundation, outlined broader ambitions for the network. “We aspire Polygon to be the biggest stablecoin money movement avenue in the world,” he stated.

The Open Money Stack aims to support developers, businesses, and users as trillions of dollars flow onchain. Banks, fintechs, enterprises, remittance providers, and merchants can tap stablecoin payment growth through the integrated platform.